David Campbell Of Marcus & Millichap Capital Corporation Arranges $3.83M Loan For Multifamily Acquisition In Santa Clara
1577 Pomeroy Avenue
$3,825,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 20, 2025
AI
The transaction involves a 20-unit multifamily property located at 1577 Pomeroy Avenue in Santa Clara, with an acquisition loan amounting to $3,825,000. The asset is situated in a market known for its diverse residential offerings.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,825,000
- Loan Type: Acquisition
- Loan Terms: 30-year, 30-years amortization
- Broker: David Campbell - Marcus & Millichap Capital Corporation
- Market: Santa Clara
- Units: 20
David Campbell from Marcus & Millichap Capital Corporation's Palo Alto office facilitated this financing arrangement on behalf of a private client, securing the loan from a western-based bank.
Santa Clara MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.15%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93